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JBG SMITH Properties（JBGS）与Tarsus Pharmaceuticals, Inc.（TARS）财务数据对比。点击上方公司名可切换其他公司
Tarsus Pharmaceuticals, Inc.的季度营收约是JBG SMITH Properties的1.2倍（$151.7M vs $127.6M），Tarsus Pharmaceuticals, Inc.净利率更高（-5.5% vs -18.1%，领先12.5%），Tarsus Pharmaceuticals, Inc.同比增速更快（128.4% vs 5.7%），过去两年Tarsus Pharmaceuticals, Inc.的营收复合增速更高（134.4% vs -2.9%）
JBG SMITH Properties是一家总部位于马里兰州贝塞斯达的上市房地产投资信托公司，专注于持有并运营房地产资产，是美国商业地产领域的专业运营机构，面向市场提供多元化的不动产投资与管理服务。
Tarsus Pharmaceuticals是一家处于后期临床阶段的生物制药公司，专注于眼科、皮肤科等专科领域创新疗法的研发和商业化，主打产品针对蠕形螨睑缘炎、玫瑰痤疮等未被充分诊断的常见病症，核心市场为美国。
JBGS vs TARS — 直观对比
营收规模更大
TARS
是对方的1.2倍
$127.6M
营收增速更快
TARS
高出122.7%
5.7%
净利率更高
TARS
高出12.5%
-18.1%
两年增速更快
TARS
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $151.7M |
| 净利润 | $-23.0M | $-8.4M |
| 毛利率 | — | — |
| 营业利润率 | — | -5.3% |
| 净利率 | -18.1% | -5.5% |
| 营收同比 | 5.7% | 128.4% |
| 净利润同比 | 57.1% | 63.8% |
| 每股收益（稀释后） | $-0.32 | $-0.17 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收JBGSTARS
| Q1 26 | $127.6M | — | ||
| Q4 25 | $127.6M | $151.7M | ||
| Q3 25 | $123.9M | $118.7M | ||
| Q2 25 | $126.5M | $102.7M | ||
| Q1 25 | $120.7M | $78.3M | ||
| Q4 24 | $130.8M | $66.4M | ||
| Q3 24 | $136.0M | $48.1M | ||
| Q2 24 | $135.3M | $40.8M |
净利润JBGSTARS
| Q1 26 | $-23.0M | — | ||
| Q4 25 | $-45.5M | $-8.4M | ||
| Q3 25 | $-28.6M | $-12.6M | ||
| Q2 25 | $-19.2M | $-20.3M | ||
| Q1 25 | $-45.7M | $-25.1M | ||
| Q4 24 | $-59.9M | $-23.1M | ||
| Q3 24 | $-27.0M | $-23.4M | ||
| Q2 24 | $-24.4M | $-33.3M |
营业利润率JBGSTARS
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | -5.3% | ||
| Q3 25 | -27.5% | -12.2% | ||
| Q2 25 | -18.4% | -21.6% | ||
| Q1 25 | -44.7% | -33.5% | ||
| Q4 24 | -53.6% | -36.8% | ||
| Q3 24 | -22.4% | -52.3% | ||
| Q2 24 | -24.3% | -81.6% |
净利率JBGSTARS
| Q1 26 | -18.1% | — | ||
| Q4 25 | -35.7% | -5.5% | ||
| Q3 25 | -23.1% | -10.6% | ||
| Q2 25 | -15.2% | -19.8% | ||
| Q1 25 | -37.9% | -32.1% | ||
| Q4 24 | -45.8% | -34.8% | ||
| Q3 24 | -19.8% | -48.7% | ||
| Q2 24 | -18.0% | -81.6% |
每股收益（稀释后）JBGSTARS
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $-0.17 | ||
| Q3 25 | $-0.48 | $-0.30 | ||
| Q2 25 | $-0.29 | $-0.48 | ||
| Q1 25 | $-0.56 | $-0.64 | ||
| Q4 24 | $-0.70 | $-0.57 | ||
| Q3 24 | $-0.32 | $-0.61 | ||
| Q2 24 | $-0.27 | $-0.88 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $417.3M |
| 总债务越低越好 | — | $72.4M |
| 股东权益账面价值 | — | $343.4M |
| 总资产 | $4.3B | $562.2M |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资JBGSTARS
| Q1 26 | — | — | ||
| Q4 25 | $75.3M | $417.3M | ||
| Q3 25 | $64.4M | $401.8M | ||
| Q2 25 | $61.4M | $381.1M | ||
| Q1 25 | $81.3M | $407.9M | ||
| Q4 24 | $145.8M | $291.4M | ||
| Q3 24 | $137.0M | $317.0M | ||
| Q2 24 | $163.5M | $323.6M |
总债务JBGSTARS
| Q1 26 | — | — | ||
| Q4 25 | — | $72.4M | ||
| Q3 25 | — | $72.3M | ||
| Q2 25 | — | $72.1M | ||
| Q1 25 | — | $72.0M | ||
| Q4 24 | — | $71.8M | ||
| Q3 24 | — | $71.7M | ||
| Q2 24 | — | $71.6M |
股东权益JBGSTARS
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $343.4M | ||
| Q3 25 | $1.2B | $335.1M | ||
| Q2 25 | $1.3B | $332.6M | ||
| Q1 25 | $1.6B | $342.5M | ||
| Q4 24 | $1.8B | $224.5M | ||
| Q3 24 | $1.9B | $237.5M | ||
| Q2 24 | $2.0B | $252.2M |
总资产JBGSTARS
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.4B | $562.2M | ||
| Q3 25 | $4.4B | $534.6M | ||
| Q2 25 | $4.5B | $495.0M | ||
| Q1 25 | $4.7B | $500.8M | ||
| Q4 24 | $5.0B | $377.0M | ||
| Q3 24 | $5.2B | $376.3M | ||
| Q2 24 | $5.3B | $376.8M |
负债/权益比JBGSTARS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.28× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $19.3M |
| 自由现金流经营现金流 - 资本支出 | — | $13.0M |
| 自由现金流率自由现金流/营收 | — | 8.6% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-22.3M |
8季度趋势，按日历期对齐
经营现金流JBGSTARS
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $19.3M | ||
| Q3 25 | $8.9M | $18.3M | ||
| Q2 25 | $18.8M | $-29.4M | ||
| Q1 25 | $12.9M | $-20.7M | ||
| Q4 24 | $129.4M | $-22.2M | ||
| Q3 24 | $26.4M | $-8.7M | ||
| Q2 24 | $23.8M | $-14.4M |
自由现金流JBGSTARS
| Q1 26 | — | — | ||
| Q4 25 | — | $13.0M | ||
| Q3 25 | — | $16.3M | ||
| Q2 25 | — | $-30.4M | ||
| Q1 25 | — | $-21.2M | ||
| Q4 24 | — | $-22.3M | ||
| Q3 24 | — | $-8.9M | ||
| Q2 24 | — | $-15.4M |
自由现金流率JBGSTARS
| Q1 26 | — | — | ||
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | 13.8% | ||
| Q2 25 | — | -29.6% | ||
| Q1 25 | — | -27.1% | ||
| Q4 24 | — | -33.5% | ||
| Q3 24 | — | -18.6% | ||
| Q2 24 | — | -37.8% |
资本支出强度JBGSTARS
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.5% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
JBGS
| Property rental | $105.9M | 83% |
| Third-party real estate services, including reimbursements | $17.2M | 13% |
| Other revenue | $4.5M | 4% |
TARS
暂无分部数据
